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February 21, 2024
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NORTHERN CALIFORNIA NEWS
Archive
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• Tishman Speyer is Looking to Fill'er Up With Residential Tenants
4/26/02
The top half of an empty office tower in San Francisco's Financial District may be converted to residential space. With analysts predicting it could take as long as 10 years to fill the city's vacant office space, Tishman Spe...
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• April 25, 2002 - Shorenstein's Short Stories
4/25/02
There was more tension than there were tenants for the April 17 official opening of 555 City Center, the first privately funded high-rise in Oakland in more than a decade. With only one tenant in place, the 21-story tower is ...
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• April 23, 2002 - Three Deals Show Life Remains in Silicon Valley
4/23/02
As several recent deals demonstrate, the tech market may have slowed but it hasn't died in Silicon Valley. MKS Instruments Inc, Philips Semiconductors and Testmetrix all signed significant leases recently for entry or expansi...
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• April 22, 2002 - Grubb Restructures Bay Area Offices
4/22/02
In response to the current downturn, Grubb & Ellis has restructured its Bay Area operations. The national brokerage has closed its San Mateo office and downsized in Oakland, shifting two brokers from the former and three from...
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• Pioneer Leads Recent Leasing Effort in Contra Costa County
4/19/02
Colliers International recently brokered three office leases at 700 Ygnacio Valley Rd. in Walnut Creek, bringing the building to full occupancy (though a 1.1k sf space is available for sublease at $2.75/sf a month). The 16-ye...
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• April 18, 2002 - SOLA Sees Way Clear to Sell
4/18/02
An investment group from Santa Rosa has purchased a 148k sf office/R&D building in Petaluma from optics maker SOLA International for conversion into a business park. The buyer, Kland LLC, paid a reported $18 mil for the 14-ac...
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• A Little Applied Photon Technology Can Really Help a Building
4/17/02
Colliers International recently brokered a five-year, $374k sf lease to Applied Photon Technology. The company leased 8.1k sf square feet ($0.77/sf/mo) at 3526 Investment Blvd in Hayward. The property is in Gateway Industrial...
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• April 16, 2002 - Tenant Demand Growing in San Francisco
4/16/02
Not all news is gloomy regarding overall market trends in San Francisco. For example, a report from BT Commercial points out that tenant requirements have grown from 3.9 msf six months ago to 4.4 msf today, an increase of nea...
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• April 15, 2002 - Profiting from History
4/15/02
A late 20th-century office building in San Francisco's historic Jackson Square area has sold for $270/sf despite having only two of five floors leased. Roger Walther, a local investor, paid $8.64 mil for the 32k sf property a...
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• Santa Rosa Center Happy to Receive Additional Medical Care
4/12/02
Basin Street Properties recently signed a lease agreement with Fresenius Medical Care for space at the Oak Valley Business Center in Santa Rosa. The seven-year lease deal was for 5.9k sf at 487 Aviation Boulevard. This locat...
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• April 11, 2002 - Piering into the Future
4/11/02
The Mills Corp reached a revised financial agreement with the Port of San Francisco regarding development of a $200 mil mixed-use project on Piers 27-31. Under the new terms, the Arlington, VA-based REIT would pay $1.4 mil du...
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• April 11, 2002 - Juiced Up: Ritchie Completes 20th Deal for Odwalla
4/11/02
Ritchie Commercial Real Estate, the largest family-owned commercial real estate firm in Northern California, recently completed its 20th transaction for Odwalla Inc since the Half Moon Bay-based juice company selected the San...
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• April 9, 2002 - Advantage Gains Advantage in Livermore
4/09/02
More Bay Area companies are shrinking rather than growing these days, but for the few that are in expansion mode, the real estate market could hardly be more accommodating, as Advantage Metal Products found out recently, with...
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• April 8, 2002 - Grubb & Ellis Shows Optimism in Face of Ongoing SF Office Slump
4/08/02
It's been said before and not been true, but maybe this time it will be. “The bottom of the market may now be in sight,” says Colin Yasukochi, research director for Grubb & Ellis in San Francisco, in the firm's 1st Quarter re...
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• April 6, 2002 - Sun Withdrawal Clouds Future for San Francisco Project
4/06/02
Yet another high-profile Bay Area company has pulled out of a major lease, leaving the developer with a substantial amount of cash but no tenant. Following the recent announced availability of Gap's space via sublease at Cate...
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• Kaiser Cements Daly City Deal
4/05/02
Kaiser Permanente completed its lease agreement with King Asset Management for Serramonte Corporate Center, a 7-story, 160k sf building at 395 Hickey Blvd in Daly City. The Oakland-based health-care company will use the prope...
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• April 4, 2002 - Esprit de Poor - Downsizing Clothier Finds Buyer for San Francisco HQ Property
4/03/02
Things aren't quite sewn up, but the struggling Esprit de Corp clothing company appears to have found a buyer for its headquarters complex at 900 Minnesota St in San Francisco. The Bay School of San Francisco, a newly formed ...
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• This Silicon Valley Asset Still Has Value
4/02/02
We have a correction from our initial report a few days ago that mistakenly said Westfield sold this mall. We've been told the seller of the Westgate West Shopping Center was Foster Group Partnership and they got roughly $36 ...
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• March 29, 2002 - Skyport's the Limit
3/29/02
Equity Office has achieved 90 percent occupancy in Phase I of Skyport Plaza, a 38-acre mixed-use project at Technology and Skyport Drives in San Jose. Only two 24k sf suites remain vacant in the three 8-story, 185k sf buildin...
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• March 28, 2002 - San Jose Won't Play the Palladium
3/28/02
Barely a week after the San Jose Redevelopment Agency unveiled plans to double the size of a $1 bil downtown redevelopment project, the developer who had instigated the expansion announced its intention to withdraw from the p...
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